ANTUMEG: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ANTUMEG
Largest movements
- Receivables within one year -€89,902
down €89,902 (-12.0%), from €749,884 to €659,982
of which Trade receivables: -€94,639
- Trade debts +€71,145
up €71,145 (+78.0%), from €91,157 to €162,301
- Short-term financial debts -€66,811
down €66,811 (-66.8%), from €100,000 to €33,189
- Other debts -€65,541
down €65,541 (-8.2%), from €799,720 to €734,180
- Debts after one year -€37,791
down €37,791 (-25.3%), from €149,162 to €111,371
of which Financial debts: -€23,195
- Reserves -€16,167
down €16,167 (-16.7%), from €97,025 to €80,859
of which Distributable reserves: -€16,167
- Staff costs +€147,200
up €147,200 (+49.0%), from €300,598 to €447,797
- Gross operating margin +€100,663
up €100,663 (+15.3%), from €659,514 to €760,177
- Taxes +€42,818
up €42,818 (+145.4%), from €29,445 to €72,263
- Financial charges -€7,708
down €7,708 (-39.6%), from €19,446 to €11,738
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,462,593 | €1,375,381 | -€87,213 | -6.0% |
| Fixed assets | 21/28 | €165,959 | €152,807 | -€13,153 | -7.9% |
| Tangible fixed assets | 22/27 | €165,759 | €152,607 | -€13,153 | -7.9% |
| Land and buildings | 22 | €165,000 | €146,250 | -€18,750 | -11.4% |
| Plant, machinery and equipment | 23 | €712 | €634 | -€78 | -11.0% |
| Furniture and vehicles | 24 | €47 | €5,723 | +€5,676 | +12035.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,296,634 | €1,222,574 | -€74,060 | -5.7% |
| Amounts receivable within one year | 40/41 | €749,884 | €659,982 | -€89,902 | -12.0% |
| Trade receivables | 40 | €749,884 | €655,245 | -€94,639 | -12.6% |
| Other amounts receivable | 41 | €0 | €4,737 | +€4,737 | |
| Cash at bank and in hand | 54/58 | €543,490 | €552,922 | +€9,432 | +1.7% |
| Deferred charges and accrued income | 490/1 | €3,260 | €9,669 | +€6,409 | +196.6% |
| Total equity and liabilities | 10/49 | €1,462,593 | €1,375,381 | -€87,213 | -6.0% |
| Equity | 10/15 | €202,200 | €199,279 | -€2,921 | -1.4% |
| Contributions | 10/11 | €118,420 | €118,420 | = | 0.0% |
| Reserves | 13 | €97,025 | €80,859 | -€16,167 | -16.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,320 | €5,320 | = | 0.0% |
| Distributable reserves | 133 | €89,845 | €73,679 | -€16,167 | -18.0% |
| Profit (loss) carried forward | 14 | -€13,246 | €0 | +€13,246 | |
| Amounts payable | 17/49 | €1,260,394 | €1,176,102 | -€84,292 | -6.7% |
| Amounts payable after more than one year | 17 | €149,162 | €111,371 | -€37,791 | -25.3% |
| Financial debts | 170/4 | €134,567 | €111,371 | -€23,195 | -17.2% |
| Other amounts payable | 178/9 | €14,595 | €0 | -€14,595 | -100.0% |
| Amounts payable within one year | 42/48 | €1,110,485 | €1,064,731 | -€45,754 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €22,814 | €23,195 | +€382 | +1.7% |
| Financial debts | 43 | €100,000 | €33,189 | -€66,811 | -66.8% |
| Credit institutions | 430/8 | €100,000 | €33,189 | -€66,811 | -66.8% |
| Trade debts | 44 | €91,157 | €162,301 | +€71,145 | +78.0% |
| Suppliers | 440/4 | €91,157 | €162,301 | +€71,145 | +78.0% |
| Taxes, remuneration and social security | 45 | €96,794 | €111,865 | +€15,071 | +15.6% |
| Taxes | 450/3 | €41,905 | €38,293 | -€3,613 | -8.6% |
| Remuneration and social security | 454/9 | €54,889 | €73,572 | +€18,684 | +34.0% |
| Other amounts payable | 47/48 | €799,720 | €734,180 | -€65,541 | -8.2% |
| Accrued charges and deferred income | 492/3 | €748 | €0 | -€748 | -100.0% |
| Remuneration, social security and pensions | 62 | €300,598 | €447,797 | +€147,200 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,071 | €18,973 | -€99 | -0.5% |
| Other operating charges | 640/8 | €3,239 | €3,205 | -€34 | -1.0% |
| Non-recurring operating charges | 66A | €5,829 | €5,000 | -€829 | -14.2% |
| Gross operating margin | 9900 | €659,514 | €760,177 | +€100,663 | +15.3% |
| Operating profit (loss) | 9901 | €330,777 | €285,202 | -€45,575 | -13.8% |
| Financial income | 75/76B | €48 | €0 | -€48 | -100.0% |
| Recurring financial income | 75 | €48 | €0 | -€48 | -100.0% |
| Financial charges | 65/66B | €19,446 | €11,738 | -€7,708 | -39.6% |
| Recurring financial charges | 65 | €19,446 | €11,738 | -€7,708 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €311,379 | €273,464 | -€37,915 | -12.2% |
| Income taxes | 67/77 | €29,445 | €72,263 | +€42,818 | +145.4% |
| Profit (loss) for the period | 9904 | €281,934 | €201,201 | -€80,733 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €281,934 | €201,201 | -€80,733 | -28.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.